Spring Hope, NC, Dec. 14, 2018 (GLOBE NEWSWIRE)
-- via NEWMEDIAWIRE --Hemp, Inc. (OTC
PINK: HEMP), a global leader in the industrial hemp industry with
bi-coastal processing centers including the largest multipurpose
industrial hemp processing facility in the western hemisphere in
Spring Hope, North Carolina; one the most sophisticated post hemp
local processing centers in Medford, Oregon; and, a 4,500-acre hemp
growing eco village in Golden Valley, Arizona, announced today that
the 2018 Farm Bill has passed
in both the House and Senate, and is expected to be signed into
law by the U.S. President before the end of this year.
The measure easily passed the lower chamber of the House by a 369-47 vote. The legislation, which passed the Senate in an 87-13 vote on Tuesday, allows for farm subsidies and has language that federally legalizes industrial hemp production.
“This is a historic decision for our nation,†said Hemp, Inc. CEO Bruce Perlowin. “Our company had the foresight to begin research granted in the 2014 Farm Bill, and have been awaiting progress on the 2018 Farm Bill for quite some time. Since our company has been operational in multiple states over the years, providing the necessary infrastructure for farmers to maximize their output, we know that this legislation will benefit local economies tremendously.â€
According to Perlowin, Hemp, Inc. has spent $25 million on building its industrial hemp infrastructure ($3 million over the course of 5 years building out the infrastructure in Arizona, $20 million building out the infrastructure in North Carolina, and $2 million in Oregon building out its infrastructure which only took 90 days). In Oregon, Hemp, Inc. employed over 200 locals at the height of this year’s harvest.
Future expansion model includes joint venture partnerships with farmers and investors and other interested parties. “While we won’t forget the small family farmer, these joint ventures are designed for the millionaires and billionaires of the industry and billion dollar hedge funds that are investing large amounts of money into the industrial hemp sector,†says Perlowin. “The small family farmers are just as important to us so we will help them grow hemp and everything that needs to be done in terms of processing so they can re-emerge back into the American landscape. This is now possible for the first time in decades. The small family farm in America has dwindled and disappeared over the last 100 years. In the last 5 years, the farmer’s net income has dropped by 50% making it the worst farming conditions since The Great Depression.â€
Hemp, Inc. is turning that around and promoting a “Back to the Land†movement… similar to that of the 1960’s. However, this time with the help of industrial hemp, farmers will have a livelihood that can sustain their preferred way of life with the ease of transporting seeds, clones and biomass across state lines and the ability for farmers to get crop insurance and bank accounts. This historical movement cannot be fully described in a press release but the incredible benefits will allow Hemp, Inc. and its joint venture partners, the American farmer and the “Back to Land†movement to flourish.
“We’re already operating in half a dozen states so the speed in which we can now deploy, with this joint venture partner infrastructure, can be done at a much faster rate. Hemp, Inc. is committed to creating communities of all kinds to keep up the incredible demand for CBD and the other 25 thousand products hemp can make,†said Perlowin.
Those interested in becoming a joint venture partner with Hemp, Inc. for a cornucopia partnership agreement should contact Hemp, Inc. at [email protected].
Following this historic development on the $867 billion Farm Bill, Hemp, Inc. was featured in The Washington Times for their foresight. The article, “Hemp activists predict $867 billion farm bill will lift U.S. to new heights,†discusses the tenets of the 2018 Farm Bill, as well as how the 2014 Farm Bill paved the way for Hemp, Inc. to conduct research programs throughout the U.S.
“Everything from the ability to open up bank accounts, to get crop insurance — giant hedge funds are now [allowed] to buy hemp stocks,†Perlowin said in the article. “It changes the entire economic complexion of the industrial hemp industry.â€
Perlowin has been a featured speaker at The N.E.W. Business of Agriculture, The Puerto Rico MedCann.Biz Convention, and countless others over the years. His vast experience in the industrial hemp industry will greatly benefit the influx of new market states.
Initially introduced by Senate Majority Leader Mitch McConnell (R-Ky.), as the Hemp Farming Act of 2018, the bill included provisions to remove hemp from the federal list of controlled substances. Now, it will go to the president’s desk, where it is expected to be signed into law before the end of this year. With its expected passage into law, Hemp, Inc. shareholders can expect a substantial increase in revenues.
Hemp, Inc. also has entered into an agreement with 2 Manifest Studio, LLC, a Wyoming, Limited Liability Company (VED), to create a documentary and subsequent docuseries over the course of an estimated five years. Per the terms of the agreement, VED will create a feature-length film, docuseries, and other video materials about the history of hemp with a strong focus on Hemp, Inc. and other pioneers and companies that are leaders in the modern-day history of industrial hemp.
To see 1 minute videos of Hemp, Inc.’s current activities, go to Bruce Perlowin’s personal Facebook page where he posts daily on all the activity Hemp, Inc. is doing around the country. (No other public company has this level of transparency than Hemp, Inc.)
Hemp, Inc. has also been helping to build the industrial hemp infrastructure that was basically non-existent in America. It has six hemp infrastructures, Divisions One through Six:
Division One – The Industrial Hemp Infrastructure
Division Two – The Hemp Extraction Infrastructure
Division Three – The Hemp Farming Infrastructure
Division Four – The Hemp Educational Infrastructure (The Hemp University)
Division Five – The Hemp Marketing Infrastructure
Division Six – Hemp Accessories, Products and Services
ABOUT LOCAL PROCESSING CENTER INC.
Hemp, Inc. entered into a majority ownership agreement with JNV Farms LLC for the hemp cultivation and processing company in Medford, Oregon. As the majority owner of the, now fully functional, hemp cultivation and processing company, Local Processing Center, Inc. (LPC), Hemp, Inc. will be able to create a pipeline of industrial hemp and hemp products in states, where legal, on the West Coast. This makes Hemp, Inc. a bi-coastal hemp processing center in America with many more Hemp Local Processing Centers planned for other areas where Hemp is being grown. Thus far, the company has created about 50 jobs in its LPC and also helps create even more jobs for the local farmer. “A to Z†services for the farmers are available - from harvesting to drying, bagging, curing, storing, nitrogen sparging, machine trimming, hand trimming, extracting and selling creating a “one stop shop†for the small to large family farm. Daily updates on LPC can be found on Bruce Perlowin’s personal Facebook page.
DAILY UPDATES ON FACEBOOK
Hemp, Inc. strives to be one of the most transparent companies in the public sector. To adhere to this company policy of transparency, CEO Bruce Perlowin posts 1-minute video updates daily on his personal Facebook page to give an inside look and behind-the-scenes footage of what Hemp, Inc. is doing on a daily basis. “We want them to know how the company is performing and what it is doing to reach its goals,†says Perlowin. To see 1 minute videos of everything Hemp, Inc.’s current activities, go to Bruce Perlowin’s personal Facebook page where he posts daily on all the activity Hemp, Inc. is doing around the country. (No other public company has this level of transparency than Hemp, Inc.)
THE UPCOMING DOCUSERIES
Hemp, Inc. entered into an agreement with 2 Manifest Studio, LLC, a Wyoming, Limited Liability Company (VED), to create a documentary and subsequent docuseries over the course of an estimated five years. Per the terms of the agreement, VED will create a feature length film and corresponding docuseries and other video materials about the history of hemp with a strong focus on Hemp, Inc. and other pioneers and companies that are leaders in the modern-day history of industrial hemp. The content will be wholly-owned by Hemp, Inc. 2 Manifest Studio Director Joseph Trivigno and his team have been tracking Hemp, Inc.’s progress, as executives meet with farmers throughout the country to document the company’s expansion into new markets. The documentary is expected to be released by 2020. The docuseries is expected to follow the film’s release. The film crew will also capture hemp developments in markets around the globe.
VETERAN VILLAGE KINS COMMUNITIES
The company’s 500-acre strategic growing partner Veteran Village Kins Community in Golden Valley, Arizona, is also designed to grow hemp and produce CBD products to benefit veterans as well as generate revenue for Hemp, Inc., the Veteran Village and individual veterans living in the community. Hemp, Inc. executives are also continuing to scout new locations nationwide to open additional hemp processing centers in legal markets.
For a more complete description on the Veteran Village Kins Community (as mentioned above), read the following October 24, 2017 press release, “Hemp, Inc. Announces Strategic Hemp Growing Partner ‘Veteran Village Kins Community Arizona, Inc.’ Completes Final Site Plan Blueprintsâ€, below:
Hemp, Inc. has announced that its strategic growing partner, "Veteran Village Kins Community Arizona, Inc.", has completed its final site plan blueprints for its 500-acre site in Golden Valley, Arizona (20 miles north of Kingman, AZ and 90 minutes from Las Vegas, NV). The site plan was submitted to the Mohave County Building Department for final review. The Company is also in the final stages of completing the necessary infrastructure to support an off-grid, renewable, energy system. With the solar equipment in place, the site's solar power operation will be completed in the next days.